Due to Corona 19 and the spread of global anti-China sentiment, the number of international students with university graduates or higher who gave up overseas employment this year and returned to China this year reached 800,000, the highest ever.
The Hong Kong South China Morning Post (SCMP) reported on the 22nd that the employment war in China, which has been fierce due to economic deterioration, is intensifying as these large-scale, high-quality workers jump into the job front.
According to a survey recently released by the career development website Unicareer, the number of international students returning to China this year reached 800,000, up 70% from the previous year.
Those who have returned from studying abroad at universities are competing for employment with 8.74 million college graduates in China this year.
The number of Chinese university graduates this year is also the largest ever.
About 28.6% of the students who returned to Korea studied in the US, 26.3% in the UK, and 13.2% in Australia, respectively, and more than 60% of them have a master's degree or higher.
About 5% of study abroad students are offered an annual salary of 300,000 yuan or more.
On the other hand, about 40% of them earn less than 100,000 yuan (about 17.14 million won).
According to the employment data for college graduates this year, recently released by the job site 58.com, the average annual salary of university graduates in China was 93,000 yuan (about 16.04 million won).
About 40% of study abroad students found employment in finance and technology.
Only 5.7% were employed in government agencies and academics and 3% were employed in manufacturing.
The procession for the return of the Confucian Schools from 186,000 in 2011 to 409,100 in 2015 and 519,400 in 2018 is steadily increasing.
This is due to the overlapping anti-Chinese sentiment, strengthened foreign employment regulations, and Corona 19.
According to the National Bureau of Statistics of China, the unemployment rate in urban areas in China peaked at 6.2% in February, then fell to 5.7% in July and 5.6% in August.
However, the unemployment rate between 20 and 24 years old with college graduates was 19.3% in July, up 3.9 percentage points from the same period last year.
The SCMP reported that the National Bureau of Statistics did not report the unemployment rate for August for those aged 20 to 24 with college graduates or older, but reported that it rose 5.4 percentage points from the same period last year.
(Photo = Yonhap News)